Barclays Downgrades Fiat Chrysler Automobiles NV to Underweight

Brokerage firm Barclays Downgrades its rating on Fiat Chrysler Automobiles NV(NYSE:FCAU). The shares have been rated Underweight. Previously, the analysts had a Overweight rating on the shares. The rating by Barclays was issued on Jul 6, 2016.

In a different note, On Jun 16, 2016, Citigroup said it Downgrades its rating on Fiat Chrysler Automobiles NV. The shares have been rated ‘Sell’ by the firm. On May 16, 2016, Exane BNP Paribas said it Downgrades its rating on Fiat Chrysler Automobiles NV. The shares have been rated ‘Underperform’ by the firm. On Apr 29, 2016, Bank of America said it Downgrades its rating on Fiat Chrysler Automobiles NV. The shares have been rated ‘Underperform’ by the firm.

Fiat Chrysler Automobiles NV (FCAU) made into the market gainers list on Mondays trading session with the shares advancing 4.41% or 0.27 points. Due to strong positive momentum, the stock ended at $6.39, which is also near the day’s high of $6.4. The stock began the session at $6.23 and the volume stood at 68,63,719 shares. The 52-week high of the shares is $16.62 and the 52 week low is $5.45. The company has a current market capitalization of $10,850 M and it has 1,69,79,35,700 shares in outstanding.

Fiat Chrysler Automobiles NV(FCAU) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $30.02B. Analysts had an estimated revenue of $27.19B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.18.

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